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English news

20-Jan-2016

Court postpones TE’s IPO annulment case

A court in Cairo has postponed a lawsuit against Telecom Egypt [ETEL.CA] until 15 March 2016. The State Council’s Commissioners’ Body (SCB) recommended invalidating the IPO that took place in 2005 for 20% of the company’s shares. (Al Borsa)   Telecom Egypt: EGP6.00 as of 19 January 2016, Rating: Buy, FV: EGP12.21 per share, MCap: USD1,308 million, ETEL EY / ETEL.CA

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